Bank funding

This article originates from the news archive of Det norske.

17. June 2013

Det norske oljeselskap ASA is working to replace its existing USD 500 million Revolving Credit Facility with maturity at the end of 2015.

A process is well underway with a selected group of banks to establish a new facility with an amount of up to USD 1,000 million and with a five year maturity from the signing date.

The company expects that this process will be completed in the third quarter 2013.